Cost of Living in Silver Spring, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
174.7
100 = national avg
+74.7 vs national average
Living Wage (1 Adult)
$76,852
per year
Living Wage (Family of 4)
$181,651
per year
Cost Index by Category
Housing249.5
Food125.6
Transportation128.3
Healthcare120.5
Utilities145.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Silver Spring is 174.7, which is 74.7% above the national average. Housing costs are above the national average at an index of 249.5. A single adult needs to earn approximately $76,852 per year to cover basic expenses.